环境信息披露影响财务绩效的传导效应研究.docVIP

财会通讯 2017,25,5-8+4 环境信息披露影响财务绩效的传导效应 研究 蔡飞君柴小莺 江苏大学财经学院江苏省环境科学研究院 导出/参考文献关注 分享 收藏打印 摘要： 近年来环境污染问题已日益成为制约企业与社会经济可持续发展的重要瓶颈， 而健全的环境信息披露不仅能缓解企业过度“侵占”环境资源的自利行为，而 且能在市场上形成良好的社会效应，反哺财务绩效。本文从利益相关者、社会声 誉和可持续发展等角度解构了环境信息披露和财务绩效的理论关系和实践演进 过程，并从财务与非财务两个角度深入探讨了环境信息披露对财务绩效的传导 机制，得岀环境财务信息的披露对财务绩效产生显著正向影响效应，而非财务 信息影响不显著效应的结论，最后从企业外部和内部等方面就如何提升企业的 财务绩效提出了利益相关者的协同驱动体系，企业内部环境信息披露机制和形 质统一的二维度体系等一系列引导策略。 关键词： 环境信息披露;财务绩效;社会责任; 基金：国家自然科学基金（项FI编号 The Conduction Effects and Intervention Strategies of Financial Performance Affected by Environmentai Information Disclosure Cai Feijun Chai Xiaoying School of FinanceEconomics, Jiangsu University ; Jiangsu Provincial Academy of Environmentai Science; Abstract： In rccent years, the problem of environmental pollution has become the important bottleneck which restricts the sustainable development of enterprise and social economy. However, by completing the system of environmental accounting information disclosure, the seifinterest behaviors that enterprises occupy the environment resources exceedingly could be released more effeetively, whas more, these improvements will create a positive effect on the market and receive a good financial performance feedback .This study analyzes the theoretical relationship between environmental infonnation disclosure and financial performance as wel1 as the practice evo1ution process from the perspective of stakeholders, social reputation and sustainable dcvclopmcnt. Thus this study probes into the transmission mechanism which the environmental information disclosure conducts the financial performance from the viewpoints of both financial and nonfinancial, it is coneluded that environmentai accounting information di sol osure has signi f i cant positive impact on finemcial performancc, while nonfinemcial infonuation docs not. Finally this study puts forward the strategies to improve the enterprise s financial performance from the external and internal aspects, proposes the coordinated supervision mechan